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Forex pairs in this Article » USD/JPY
FXstreet.com (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank notes that USD/JPY has eroded the 103.74 2013 high.

Key Quotes

“We have a time zone gap back to 103.33 and will look for this to be filed ahead of further gains.”

“Longer term, the market has recently broken up from a large triangle points to a longer term target of 108.86.”

“We have an additional target en route at 105.48, the 61.8% retracement of the move down from
2007.”

“The market is immediately bid above the 102.60 uptrend and the July 2013 high at 101.54.”
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